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WORLD NEWS
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Hormel Foods exits commodity poultry, focuses on branded turkey products
Company completes Jennie-O whole bird sale and shifts toward value-added protein portfolio
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Brazil chicken prices rise to five-month high as poultry exports surpass US$1 billion in May
Export revenue exceeds US$1 billion for the first time as shipments reach a record May volume.
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Ingredion agrees to acquire Tate & Lyle in multi-billion deal
Ingredion’s proposed acquisition of Tate & Lyle will create a US$9.9 billion ingredients powerhouse focused on sugar reduction, texture solutions, fortification, and food innovation.
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LVMH launches Hennessy ready-to-serve cocktails in US
The new bottled cocktail range marks Hennessy’s first entry into the ready-to-serve category, targeting growing consumer demand for convenient premium drinks.
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United Spirits to shut Hyderabad manufacturing plant
The closure of United Spirits’ Malkajgiri facility marks another step in the company’s multi-year supply chain optimization program in India.